The era of low interest rates is over, heralding a “sea change” in a world where investors would be better off allocating most of their assets to the credit market, according to Oaktree Capital Management co-founder Howard Marks.
Discussion
Just waiting for the idiots who got a 5 year ARM hoping to get a lower fixed rate later. Those people are soon to realize how fucked they will be. The housing market has almost fully stalled. I’ve seen houses around town and on my route still sitting unsold.
All just in time for Christmas. Yay!